​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices after nearly two years of decline, had stoked anticipation that the inflation may end up a tad higher than September. However, the Consumer Price Index for October beat all economists’ projections by a wide margin, to rise 6.2%, the highest since August 2023 when it was up 6.8%. Core inflation has been well under the headline inflation rate and continued to be comfortable, and sufficient food grain buffers with a healthy kharif harvest, it said, would alleviate price pressures.

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History of this topic

World food price index eases in Dec, pushed lower by sugar
5 days, 6 hours ago

World food price index eases in Dec, pushed lower by sugar

Live Mint  

ROME, Jan 3 - The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday. For 2024 as a whole, the index averaged 122.0, 2.1% lower than the 2023 value, offsetting significant decreases in quotations for cereals and …

Despite inflation, some everyday products actually dropped in price this year
1 week, 1 day ago

Despite inflation, some everyday products actually dropped in price this year

CNN  

CNN — From a purely economic standpoint, 2024 wasn’t too shabby a year for inflation.. Gasoline 2024 price change : Down 7.6% Gas prices may be highly volatile and highly integral to aspects of life and business, but they’re also highly visible reminders of how prices are trending. “Even during the pandemic, when inflation was rampant across the economy, most …

U.S. consumer spending rises in November; monthly inflation subsides
2 weeks, 3 days ago

U.S. consumer spending rises in November; monthly inflation subsides

The Hindu  

U.S. consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after a downwardly revised 0.3% gain in October, the Commerce Department's Bureau …

Where inflation accelerated in November – and where it eased
3 weeks ago

Where inflation accelerated in November – and where it eased

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Some products swung the other way last month, from …

Fast food fans outraged after another popular chain announces price hike
3 weeks, 1 day ago

Fast food fans outraged after another popular chain announces price hike

Daily Mail  

Fast food fans have been left outraged after yet another chain announced a price hike. Former CEO Brian Niccol said in July that Chipotle was retraining its workforce at ten percent of its locations to ensure customers were getting the right sized portions. Prices for a typical combo meal at the five biggest burger chains - McDonald's, Burger King, Wendy's, …

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices
3 weeks, 2 days ago

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices

Deccan Chronicle  

New Delhi: With the decline of prices of food items, especially vegetables and onions, India’s wholesale price index or WPI-based inflation fell to a three-month low of 1.89 per cent in November, down from 2.36 per cent in October, while the WPI-based inflation stood at 0.39 per cent in November last year, the government data showed on Monday. As per …

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
3 weeks, 2 days ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
3 weeks, 2 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Food prices are on the rise again. What’s behind the increase
3 weeks, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Food prices are on the rise again. What’s behind the increase
3 weeks, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

US producer prices surge on costly eggs, but disinflationary trend intact
3 weeks, 5 days ago

US producer prices surge on costly eggs, but disinflationary trend intact

Live Mint  

* Producer prices increase 0.4% in November * Goods, primarily eggs account for bulk of the rise in PPI * Moderate rise in services bodes well for core PCE inflation * Weekly jobless claims increase 17,000 to 242,000 * Continuing claims advance 15,000 to 1.886 million By Lucia Mutikani WASHINGTON, - U.S. producer prices increased by the most in five …

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
3 weeks, 6 days ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% …

Retail inflation slows down in November
3 weeks, 6 days ago

Retail inflation slows down in November

Deccan Chronicle  

New Delhi: With the significant easing of food prices, especially vegetables, India’s retail inflation slowed to 5.48 per cent in November as compared to 6.21 per cent in October. “But the CPI-based headline inflation increased from an average of 3.6 per cent during July-August to 5.5 per cent in September and further to 6.2 per cent in October 2024, the …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
3 weeks, 6 days ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

Consumer inflation moderates slightly to 5.5% in November
3 weeks, 6 days ago

Consumer inflation moderates slightly to 5.5% in November

The Hindu  

India’s retail inflation cooled slightly to 5.5% in November from a 14-month high of 6.2% in October, but remained significantly elevated for rural consumers at 5.95%, while dropping to 4.8% for their urban counterparts. “The decline in inflation in November 2024 is mainly due to decline in inflation in ‘food & beverages’ group,” the National Statistics Office said, pointing to …

Retail inflation slows slightly at 5.48%
3 weeks, 6 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
3 weeks, 6 days ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

US wholesale inflation surged higher in November
Trending News
3 weeks, 6 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

Retail inflation data today. 3 things you should know
3 weeks, 6 days ago

Retail inflation data today. 3 things you should know

India Today  

The retail inflation data for November is set to be released on Thursday, and all eyes are on the figures after October’s inflation rate climbed to a 14-month high, owing to a rise in food prices, especially vegetable prices. OCTOBER’S INFLATION BREACHES RBI TOLERANCE LEVEL In October, inflation rose to 6.2%, surpassing the Reserve Bank of India's upper tolerance threshold …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
3 weeks, 6 days ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict
3 weeks, 6 days ago

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

Live Mint  

US Inflation Report November 2024: US inflation accelerated for a second straight month in November 2024, reporting the steepest gain in the last seven months amid higher food prices and other sectors. US Inflation Report November 2024: Key Metrics The CPI rose 0.3 per cent last month, the largest gain since April after advancing 0.2 per cent for four straight …

US inflation ticked up last month as some price pressures remain persistent
Trending News
4 weeks ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
4 weeks ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

Rising costs of used cars and groceries push US inflation higher in November
4 weeks ago

Rising costs of used cars and groceries push US inflation higher in November

India Today  

WASHINGTON: Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source …

Christmas dinner cost rise revealed as prices of potatoes and parsnips soar
4 weeks, 1 day ago

Christmas dinner cost rise revealed as prices of potatoes and parsnips soar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average cost of a …

Food prices reach 19-month high in November, UN says
1 month ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

US consumer price increases accelerated last month with inflation pressures resilient
1 month, 1 week ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

Price warning as 17-month run of falling shop inflation ends
1 month, 1 week ago

Price warning as 17-month run of falling shop inflation ends

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

India Expects Relief in Food Inflation with Strong Kharif Harvest
1 month, 2 weeks ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Thanksgiving dinner groceries: How much can you buy with $100?
1 month, 2 weeks ago

Thanksgiving dinner groceries: How much can you buy with $100?

Associated Press  

Why did prices spike and will they come down? Higher energy prices also made it more expensive to transport goods and make packaging materials like aluminum cans. In 2022, the war in Ukraine caused global wheat and corn prices to surge, while a severe outbreak of avian flu in the U.S. caused a spike in egg and poultry prices. Droughts, …

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA
1 month, 2 weeks ago

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA

Deccan Chronicle  

Mumbai: Chief Economic Adviser V Anantha Nageswaran on Tuesday said that the recent rise in Consumer Price Index -based inflation is primarily driven by a select few commodities. Nageswaran explained that excluding tomatoes, onions, potatoes, and gold and silver from the CPI calculation reveals a much lower headline inflation rate of just 4.2 per cent for October. While these items …

Retail tomato prices drop 22.4% on improved supplies: Govt.
1 month, 3 weeks ago

Retail tomato prices drop 22.4% on improved supplies: Govt.

The Hindu  

“Retail tomato prices declined 22.4% month-on-month on improved supplies across the country,” the Consumer Affairs Ministry said on Sunday. During the same period, modal wholesale prices at Delhi's Azadpur mandi witnessed a sharper decline of nearly 50% to ₹2,969 per quintal from ₹5,883 per quintal, driven by increased arrivals. “Though arrivals have subsided at major tomato centres in Madanapalle and …

Onion prices to remain high in Nov after 52% rise YoY, other vegetable rates to dip 4% MoM: ICICI Bank
1 month, 3 weeks ago

Onion prices to remain high in Nov after 52% rise YoY, other vegetable rates to dip 4% MoM: ICICI Bank

Live Mint  

The prices of onion continue to remain high in November while other vegetable prices are seeing a dip of 4.1 per cent MoM in Nov so far, highlighted a report by ICICI Bank. Although onion prices continue to remain elevated in November, veggie prices are seeing a dip of 4.1 per cent MoM in Nov so far". Within the food …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 3 weeks ago

Retail sales up solidly in October as Americans showed continued willingness to spend

LA Times  

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. Sales in some categories fell — furniture stores, clothing outlets and drug …

WPI inflation hits 4-month high of 2.4% in October
1 month, 3 weeks ago

WPI inflation hits 4-month high of 2.4% in October

Hindustan Times  

India’s wholesale inflation, as measured by the Wholesale Price Index, rose to a four-month high of 2.4% in October, according to data released by the Union ministry of commerce and industry on Wednesday, mirroring the spike in retail inflation, and also caused by the same underlying factor -- higher food prices. WPI inflation hits 4-month high of 2.4% in October …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 3 weeks ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

All about the inflation spike: how, why & when
Trending News
1 month, 3 weeks ago

All about the inflation spike: how, why & when

Live Mint  

The consumer price index —or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s upper tolerance limit. Despite the RBI governor Shaktikanta Das’s warning of higher inflation in October, the 6.2% reading, which marks a 14-month high, came as a surprise. For the first time in 13 months, the inflation breached the 6% mark—the higher end of …

Wholesale inflation heated up again last month, reversing recent progress
1 month, 3 weeks ago

Wholesale inflation heated up again last month, reversing recent progress

CNN  

CNN — US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.2% on a monthly basis and 2.4% for the 12 months ended in October, marking an acceleration from September, when prices ticked …

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills
1 month, 3 weeks ago

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills

New Indian Express  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump's plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low
1 month, 3 weeks ago

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low

LA Times  

Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they …

Inflation hit a bump in October after slowing for six straight months
1 month, 3 weeks ago

Inflation hit a bump in October after slowing for six straight months

CNN  

CNN — The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts. Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by …

Spectre of food inflation haunts the economy again
1 month, 3 weeks ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Grocery inflation rises as supermarket trips hit four-year high
1 month, 3 weeks ago

Grocery inflation rises as supermarket trips hit four-year high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 3 weeks ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 3 weeks ago

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit

ABP News  

Retail inflation climbed to 6.21 per cent in October, up from 5.49 per cent in the previous month, driven primarily by higher food prices, according to official data released on Tuesday. Data from the National Statistics Office revealed that inflation in the food basket surged to 10.87 per cent in October, compared to 9.24 per cent in September and 6.61 …

India’s retail inflation surges to 6.2% in October
1 month, 3 weeks ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 3 weeks ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Retail inflation at a 14-month high, rises to 6.21% in October
Top News
1 month, 3 weeks ago

Retail inflation at a 14-month high, rises to 6.21% in October

India Today  

Retail inflation in India rose to 6.21% in October, up from 5.49% in September 2024, marking a sharp increase driven by high food prices. Inflation in October climbed above the Reserve Bank of India's 6% tolerance threshold, marking the first breach of this level in 14 months since August 2023. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "The sharply …

China's consumer prices see stable growth in October
1 month, 4 weeks ago

China's consumer prices see stable growth in October

China Daily  

Xinhua/chinadaily.com.cn | Updated: 2024-11-09 09:38 BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. …

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